<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS INCLUDED IN THE COMPANY'S QUARTERLY REPORT ON FORM 10-QSB FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> CHINESE RENMINBI <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <EXCHANGE-RATE> .12048 <CASH> 5,138 <SECURITIES> 0 <RECEIVABLES> 55,773 <ALLOWANCES> 0 <INVENTORY> 60,515 <CURRENT-ASSETS> 240,393 <PP&E> 130,658 <DEPRECIATION> 24,252 <TOTAL-ASSETS> 454,362 <CURRENT-LIABILITIES> 249,582 <BONDS> 7,089 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 48 <OTHER-SE> 149,865 <TOTAL-LIABILITY-AND-EQUITY> 454,362 <SALES> 44,215 <TOTAL-REVENUES> 44,215 <CGS> 33,430 <TOTAL-COSTS> 33,430 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,456 <INCOME-PRETAX> 4,573 <INCOME-TAX> 500 <INCOME-CONTINUING> 4,391 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,391 <EPS-PRIMARY> .74 <EPS-DILUTED> 0